Manager, Loan Remediation (Risk Management) at CA Global

Reference Number: PBBLR
Location: Abuja

Duties and Responsibilities

• Manage an assigned portfolio of distressed credit facilities/ loans to minimize loss and maximize value of recoveries of from the sub and non-performing assets of the bank in line with set targets;
• Reschedule, restructure credit facilities including repayment terms, as well as develop strategies and plans to better secure collateral, collect and monitor agreed repayments;
• Define and recommend appropriate loan work-out strategies that reduce the Bank’s credit risk and maximize return;
• Proactively engage with borrowers, other lenders, Facility Agents, and other departments in the Bank to obtain timely, relevant information and prepare written in-depth analysis and loan work-out strategies that protect the Bank and strengthen its credit risk profile;
• Closely interact with key stakeholders in the Bank including Business Development, Credit Assessment, Credit Quality Assurance, and Operations for the timely resolution of sub and non-performing loans;
• Ensure that non-performing loans are properly risk rated and that relevant Loan Remediation reports are prepared on time;
• Ensure that comprehensive and up-to-date information, including customer credit information, correspondences, minutes, work-out memoranda, and such other relevant information is securely maintained and filed for all facilities in the Loan Remediation portfolio;
• Ensure that the security package for all facilities in the Loan Remediation portfolio is perfected, with the most recent asset valuations as appropriate.
• Adhere to the Bank’s RMPPs including the mandated collection processes;
• Support the Finance Department with reliable and timely information necessary for informing the loan loss provisioning process of the Bank;
• Work closely with legal counsel for the initiation and implementation of legal cases in the implementation of the loan acceleration and enforcement work out plans;
• Attend and actively contribute to the relevant committees of the Bank including; Pre-Assessment Committee, Business Committee, and Credit Committee to provide timely information necessary in strengthening the Bank’s credit assessment process;
• Ensure that the Loan Remediation Unit has comprehensive and updated guidelines, policies and operating procedures that guide the operations of the unit in line with best practice;
• Provide awareness and guidance to all stakeholders in the Bank with respect to Loan remediation policies, practices, and standards;
• Develop reporting systems to manage, monitor and report activities related to the Loan Remediation portfolio;
• Prepare timely and comprehensive Loan Remediation reports to Senior Management and the Board on a monthly and quarterly basis respectively;
• Attend internal and external Bank meetings from time to time as may be guided by the Senior Manager Loan Remediation;
• Undertake all such other duties and responsibilities as may be assigned by the Management from time to time.

Skills, Knowledge, and Attitude

• First degree in a relevant field and a postgraduate degree in Law, Business Administration, Banking or Finance from a recognized University;
• A professional qualification in Law, Banking or Debt Recovery is an added advantage;
• Sound experience of minimum 8 years with a leading financial services organization and relevant experience in senior roles in the following areas: loan workout, rescheduling, rehabilitation, acceleration, enforcement, liquidation of assets and collateral, modification and/or implementation of various forms of loan recovery strategies;
• Demonstrated knowledge of banking regulations, policies and procedures relating to Loan Workout processes;
• Demonstrated ability to deal with challenging customers and situations as well as the ability to resolve problems using sound judgment;
• Knowledge and understanding of the laws, processes, and documentation about foreclosures, legal action, and solvency/bankruptcies, and recovery of delinquent commercial loans;
• Proficient in the use of Microsoft Office applications and utilization of various applications for loan collections & recovery;
• Ability to communicate and function in a culturally diverse and change-oriented setting and therefore knowledge of the workings of the main segments of the trade finance markets and the participants in major regions of Africa;
• Excellent verbal and written communication skills in English. Knowledge of the Bank's other working languages is an added advantage (French, Arabic, and Portuguese);
• Impeccable interpersonal skills and the ability to build and manage senior level interactions with a range of external stakeholders up to executive level;
• Ability to propose innovative solutions to complex problems which have a significant impact on the function or wider business;
• Possesses the highest personal and professional integrity;
• Willingness to travel extensively and to work long hours where required to achieve the Bank's objectives;

Contractual Information:

• All roles offer Tax Free Salaries paid in USD and other benefits.
• Permanent
• Willing and able to relocate to Abuja
• Suitably qualified candidates from all African nationalities are encouraged to apply